Bit Digital Inc (NASDAQ: BTBT) kicked off on Tuesday, down -3.15% from the previous trading day, before settling in for the closing price of $4.13. Over the past 52 weeks, BTBT has traded in a range of $1.76-$5.27.
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During the last 5-year period, the sales growth of Financial Sector giant was 45.76%. While this was happening, its average annual earnings per share was recorded 141.67%. With a float of $147.05 million, this company’s outstanding shares have now reached $147.79 million.
Let’s determine the extent of company efficiency that accounts for 24 employees. In terms of profitability, gross margin is 20.94%, operating margin of -17.58%, and the pretax margin is 35.87%.
Bit Digital Inc (BTBT) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of Bit Digital Inc is 0.50%, while institutional ownership is 37.82%.
Bit Digital Inc (BTBT) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.08 earnings per share (EPS), lower than consensus estimate (set at -0.06) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 141.67% per share during the next fiscal year.
Bit Digital Inc (NASDAQ: BTBT) Trading Performance Indicators
Take a look at Bit Digital Inc’s (BTBT) current performance indicators. Last quarter, stock had a quick ratio of 21.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.24, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.12 in one year’s time.
Technical Analysis of Bit Digital Inc (BTBT)
Looking closely at Bit Digital Inc (NASDAQ: BTBT), its last 5-days average volume was 12.63 million, which is a jump from its year-to-date volume of 9.05 million. As of the previous 9 days, the stock’s Stochastic %D was 93.60%. Additionally, its Average True Range was 0.26.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 82.09%, which indicates a significant decrease from 85.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.22% in the past 14 days, which was lower than the 109.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.26, while its 200-day Moving Average is $2.88. However, in the short run, Bit Digital Inc’s stock first resistance to watch stands at $4.14. Second resistance stands at $4.29. The third major resistance level sits at $4.39. If the price goes on to break the first support level at $3.89, it is likely to go to the next support level at $3.79. Now, if the price goes above the second support level, the third support stands at $3.64.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
The company with the Market Capitalisation of 591.16 million has total of 82,483K Shares Outstanding. Its annual sales at the moment are 44,920 K in contrast with the sum of -13,890 K annual income. Company’s last quarter sales were recorded 28,950 K and last quarter income was -11,950 K.
